The growing landscape of startups and the increased push towards digitisation are major factors that changed the face of the Indian financial sector in 2018. The emergence of fintech sector has positively impacted the Indian job market. As per a report by NASSCOM India’s fintech software market alone could touch US$ 2.4 billion by 2020, which would be a 2X rise from the current rate of growth.

Hiring projections for 20192019 is expected to be a promising year for BFSI and fintech sector, with a positive hiring sentiment towards hiring. Working towards financial inclusion, lenders will try to penetrate into rural markets, with an expected job generation of close to 1.5 lakh in tier-2 and tier-3 cities. As the fintech sector continues with its aggressive growth plans, at Pasiabazaar we are also expecting to not only an increase in our market presence but also a push towards financial inclusion, which would translate into aggressive hiring across functions.

Key focus areas for 2019Key focus areas in 2019 include Sales and Operations which in turn would be driven by Analytics, Big Data, Cyber Security and Digital Marketing. Since we constantly endeavour to adopt new and emerging technologies for our front-end and back-end products, a continued focus on Technology, Product and UX is also likely to happen in 2019.

Factors that will drive job creation in 2019Sales and Customer Service will continue to drive hiring activities, especially in tier 2 & 3 cities. In metro cities, along with these business-critical functions, technology and allied functions would play a larger role to retain the existing customers.
5 new job profiles that will be in demandThe financial services sector will continue to focus on O2O (Offline to Online) transformation for its customer acquisition, marketing, transactions & fulfilment activities, resulting in a deeper digital penetration across their suite of products. Sales professionals would definitely be in high demand and will be central to fintech sector’s hiring plans in 2019. Also, professionals like App Developer, UI Designer, Cyber Security Specialists, Business Analyst, Machine Learning and Data Scientist will be in good demand.

Technical skills that will be in demandSome of the key technical skills that would be in demand in 2019 would be NodeJS and ReactJS, Data Mining and Modelling, Machine Learning & Artificial Intelligence and Cybersecurity experts.
Kind of workforce that will be hiredOur focus remains on hiring high calibre and growth hungry professionals representing diverse socio-economic strata, who showcase a stable professional background and have the willingness to push their limits. Professionals with diversified digital skill sets who are self-driven, responsible, accountable and willing to innovate and experiment fearlessly yet carefully would be in high demand.